Wipro to acquire US-based HealthPlan Services for Rs 3,150 crore
Feb 11, 2016 at 18:36 | Source:
New Delhi: Wipro today said it will acquire HealthPlan Services for USD 460 million (about Rs 3,150 crore), a move that will help the country's third-largest software services firm strengthen its position in the US health insurance market.Wipro to ac...
Amazon invests in Tata group-owned publishing house Westland
Feb 11, 2016 at 14:19 | Source:
Westland, a subsidiary of Tata group-owned Trent Ltd, on Thursday announced it had received investment from Amazon in support of its publishing business. The amount has been not disclosed.The investment by Amazon will enable Westland to expand their ...
Here's why Mukesh Bansal quitting Flipkart is not really the news
Feb 11, 2016 at 13:28 | Source:
Myntras Mukesh Bansals exit from Flipkart has shaken the ecommerce turf. This is similar to what happened when Flipkart acquired online fashion retailer Myntra in 2014. This acquisition helps us grab a bigger market share and compete better, said Bin...
Asia stocks subdued, safe-haven bonds still rule| Reuters
Feb 11, 2016 at 06:45 | Source:
SYDNEY Asian shares sputtered on Thursday as U.S. Federal Reserve Chair Janet Yellen's tone of guarded optimism led to an indecisive finish for Wall Street and further weakness for the dollar.While European banks found a moment of stability, a renewe...
With TPP advancing, India pins hopes on China-backed trade bloc| Reuters
Feb 11, 2016 at 05:45 | Source:
NEW DELHI India, concerned at being sidelined from the U.S.-led Trans-Pacific Partnership (TPP), is stepping up efforts to reach agreement with an alternative trade bloc centred around China, and hopes to reach a deal this year.New Delhi has long bee...
S&P 500 erases gains on global growth fears; Europe stocks rise| Reuters
Feb 11, 2016 at 04:45 | Source:
NEW YORK Most U.S. shares ended little changed to lower on Wednesday, erasing early gains on concerns about global growth and sliding commodity-related shares, while greater calm surrounding the European banking sector boosted that region's shares.Th...
Carlsberg aims to strengthen position in India - CEO| Reuters
Feb 11, 2016 at 04:15 | Source:
COPENHAGEN Danish brewer Carlsberg said on Wednesday it swung to a pretax loss of 1.73 billion Danish crowns ($261.8 million) in 2015 after it booked impairment and restructuring charges of around 10 billion crowns, mainly in the third quarter.It was...
Wall Street rebounds; Yellen eases concerns about economy| Reuters
Feb 11, 2016 at 02:45 | Source:
U.S. stocks were higher on Wednesday afternoon after three straight sessions of losses as comments by Federal Reserve Chair Janet Yellen eased investor concerns about the U.S. economy's ability to absorb a gradual rise in interest rates.But indexes w...